Stevens Capital Management LP Trims Stock Position in The Boeing Company (NYSE:BA)

Stevens Capital Management LP reduced its stake in shares of The Boeing Company (NYSE:BA) by 47.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,918 shares of the aircraft producer’s stock after selling 4,419 shares during the quarter. Stevens Capital Management LP’s holdings in Boeing were worth $870,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in BA. Sierra Ocean LLC bought a new stake in shares of Boeing during the 4th quarter valued at $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing during the 4th quarter valued at $27,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing during the 3rd quarter valued at $28,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing during the 4th quarter valued at $28,000. Finally, HighMark Wealth Management LLC boosted its holdings in shares of Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after buying an additional 90 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Price Performance

BA opened at $178.32 on Friday. The company has a 50 day simple moving average of $172.98 and a two-hundred day simple moving average of $163.59. The firm has a market cap of $133.75 billion, a P/E ratio of -9.73 and a beta of 1.53. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $196.95.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the prior year, the company earned ($0.47) EPS. Equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on BA shares. JPMorgan Chase & Co. boosted their target price on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of Boeing in a report on Wednesday, January 29th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. StockNews.com upgraded shares of Boeing to a “sell” rating in a research note on Wednesday, March 12th. Finally, Wells Fargo & Company upped their price target on shares of Boeing from $103.00 to $113.00 and gave the stock an “underweight” rating in a research note on Monday, March 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $195.68.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Boeing Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.